E Fund Management Co. Ltd. Has $358,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

E Fund Management Co. Ltd. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,987 shares of the utilities provider’s stock after acquiring an additional 1,036 shares during the quarter. E Fund Management Co. Ltd.’s holdings in NextEra Energy were worth $358,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in shares of NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after buying an additional 41,328 shares during the period. Nordea Investment Management AB lifted its holdings in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the period. Swiss National Bank grew its holdings in NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after acquiring an additional 21,400 shares during the period. Finally, Czech National Bank grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after acquiring an additional 27,340 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $85.85.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 4.1 %

NEE stock opened at $72.86 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market capitalization of $149.88 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $86.10. The business has a 50-day moving average of $70.30 and a 200-day moving average of $76.05.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

NextEra Energy Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.